The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Errol Musk, the father of tech billionaire Elon Musk, is backing a new memecoin called “Musk It” to raise between $150 million and $200 million for the Musk Institute—a newly established for-profit think tank focused on scientific research and innovation. According to a Fortune report, Errol Musk and his business partner, Nathan Browne, are leading […]
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Errol Musk told Fortune he is now prepared to publicly endorse the token, which has gained over 200% in the last 24 hours.
Plaintiffs said in the filing that pump.fun's operations are inherently a new kind of Ponzi and pump-and-dump schemes.
Official Trump and Melania memecoins are now being accepted for payment on some Trump-branded product websites via a Solana Pay integration.
A user created nearly 18,000 tokens via memecoin launchpad Pump.fun, raking in almost $3.8 million in profits from trades, according to Conor Grogan, head of product business operations at Coinbase. Grogan highlighted that this user creates an average of 12 tokens per hour until he goes to bed and repeats the process the following day. […]
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The so-called memecoins, initially dismissed as something of a passing internet joke, now seem to have a big possibility of turning into a more serious asset class in the crypto space. According to analysts, by 2030, these coins are likely to experience significant maturation, transitioning from speculative plays into recognized components of the financial ecosystem. Related Reading: New Ethereum Addresses Hit 200K: What’s Behind The Massive Spike? Current Status Of Memecoins Currently, memecoins like Dogecoin and Shiba Inu are primarily fueled by social media hype and speculative trading. Their value can be extremely volatile, influenced by online trends and celebrity endorsements. Such volatility has created skepticism about their long-term sustainability. Pathways To Maturity However, a number of events are still needed to develop these memecoins. The utility must go beyond speculation; having real-world uses such as acceptance in making payments or utility in decentralized finance, can contribute to their credibility. Regulation can provide clarity over what is secure and hence help facilitate further investment while improving the market’s reception for the memecoin. Maintaining a strong hold of the community will also help, by regularly conveying transparency into their development, the analyst claims. The way value is assessed in the meme coin market is similar to that of the art market. Both markets legitimize intangible value through narrative. If the very foundation of the meme coin market is considered a scam, then, by the same logic, the art market must also be viewed as… https://t.co/TAlmfGxByI — Ki Young Ju (@ki_young_ju) January 26, 2025 Analyst’s View Ki Young Ju, CryptoQuant Chief Executive Officer, says that the value of memecoins is no different from the value of art because it is founded on collective belief and narrative. He believes that memecoins will eventually go through a “disillusion phase” before maturing gradually. To him, it is possible for memecoins to stabilize and even become legitimate pieces of the crypto ecosystem by 2030. Market Projections Recent study indicates that memecoins are taking center stage in the cryptocurrency market. Their market share increased from 0.87% to 2.58% in the third quarter of 2024. This might increase to 3.54% by 2025 and 7.81% by 2030, according to projected data, indicating a significant increase in market value and daily trading volumes. Obstacles Along The Way Despite optimistic predictions, memecoins encounter a number of challenges as they mature. Investors are at risk due to their intrinsic volatility and lack of intrinsic value. Moreover, the need for technological advancements to improve scalability and security is paramount. Related Reading: Want To Get Rich? Here’s How To Create A Coin Like XRP From Scratch—Expert Regulatory ambiguities also loom large, with the possibility of heightened scrutiny that might affect their adoption and growth. The Road Ahead For Memecoins The transition of memecoins from online memes to sophisticated financial instruments is extensive. Through strategic advancements in utility, regulatory adherence, and community involvement, they may become essential components of the cryptocurrency market by 2030. The maturity of memecoins is a trend deserving of attention as the cryptocurrency environment evolves. Featured image from Medium, chart from TradingView
Bitcoin saw a notable pullback and retreated to under the $100,000 mark with a 5.7% decline over the past day.
The launch of the Vine memecoin helped propel Pump.fun to break its single-day revenue record, though competitors may pose a growing threat.
Ethereum co-founder Vitalik Buterin issued a stark warning about the potential dangers of “politician coins,” calling them a “perfect bribery vehicle” that could undermine the integrity of democratic systems. In a series of detailed social media posts, Buterin outlined how these digital tokens could enable politicians to gain indirect financial gain while providing plausible deniability. […]
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Sacks disagrees with Sen. Warren and Rep. Auchincloss, who argue the token can cause conflicts of interest and foreign influence on Trump.
With memecoins dominating the headlines, issuers are filing fresh ETF applications. But is a memecoin ETF a good investment?
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The Twitter/X account of Janice McAfee, wife of infamous cybersecurity expert John McAfee, announced the launch of AIntivirus (AINTI), a memecoin tied to an AI-driven project inspired by her late husband’s legacy. The token, which went live on Jan. 23 at 1 A.M. GMT, reached a $100 million market cap within five hours before stabilizing […]
The post John McAfee reborn as AI memecoin and chatbot with $27 million market cap appeared first on CryptoSlate.
The majority of wallets that hold Trump have made less than $100, while around 60 whales have earned over $10 million, Chainalysis said.
Just four short days after its launch, TRUMP has become one of the most actively traded coins across both centralized and decentralized exchanges. With its high liquidity and trading volume, it has positioned itself at the forefront of the market, banking on the controversy and memecoin frenzy that has swept the crypto industry. Centralized exchanges, […]
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A Solana wallet tied to renowned blockchain investigator ZachXBT has been accused of withdrawing nearly $4 million from a memecoin project associated with his name. The controversy comes amid a community-led effort to raise funds for his investigative work. ZACHXBT token Blockchain data shows that an address allegedly belonging to ZachXBT, identified as investigations.sol, received […]
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The memecoin, which was launched by the President on Friday, saw its price plummet nearly 26% over the past 24 hours.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Mark Cuban, the billionaire entrepreneur and vocal crypto commentator, has criticized the crypto community’s embrace of Donald Trump’s memecoin launch. Cuban voiced his concerns on X (formerly Twitter), where he dismissed the idea that Trump’s memecoin debut is a positive milestone for the industry. Instead, he argued that the digital asset reinforces a culture of […]
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Dogecoin enthusiast Elon Musk is now reportedly in sole charge of the government streamlining and cost saving unit.
The crypto market saw significant turbulence, with the TRUMP and MELANIA memecoins plunging 26% and 54%, respectively, over the past day.
On-chain data shows that wallets likely controlled by members of Trump’s entourage have absurd paper holdings.
Capital flowing out of existing memecoins spurred TRUMP's rise, now the money is going the other way.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Billionaire Mark Cuban complained about the reaction to Donald Trump's memecoin, saying memecoins don't have utility or provide real value.
Establishing a bitcoin strategic reserve and commuting the sentence of Ross Ulbricht are among Trump's potential day one executive orders.
President-elect Donald Trump launched a meme coin called TRUMP on Jan. 18, of which he owns 80% of the supply unlocking throughout his presidency, triggering a weekend frenzy of activity. Initially, most assumed that Trump’s social media had been hacked. However, as the day went on, it became clear the project was real, and the […]
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The TRUMP memecoin achieved a fully diluted valuation of more than $73 billion after launching on the Solana blockchain late Friday.
'I thought I was about to walk away with $50 million in one day,' Fournier said at one point, repeatedly insisting he was scammed.